124 N Meridian StGoldsmithIN46045
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Goldsmith at 124 N Meridian St, Goldsmith, IN, 46045 priced at $156,700 converts $1,631/mo rent into $690/mo cash flow after a $767/mo obligation. Total monthly income equals $1,631/mo, and annual cash flow totals $8,284/yr on $51,946 invested. Return on cash invested prints 35.86% in year one, and rental yield reads 12.49% against a $156,700 entry. Equity gained on principal adds $1,011/yr, while 5% annual appreciation compiles into $43,293 by year five. Five-year ROI reaches 188.17% and total cumulative return in cash sums $97,749. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,631/mo property income covering a $767/mo payment, not borrower’s personal income.
Single Family
Built in 1920
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46045, Goldsmith, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 29 (100%) |
| Owner Occupied HU | 25 (86.2%) |
| Renter Occupied HU | 4 (13.8%) |
| Vacant Housing Units | 0 |
| Median Home Value | $291,667 |
| Average Home Value | $389,100 |
Housing Distribution
Address Breakdown
Residential
50
Single Family
50
Multi-Family
0
Businesses
1
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